FXstreet.com (Barcelona) - Jean Claude Trichet, president of the European Central Bank has not changed his speech on monetary policy, and he has reaffirmed the Bank's concern on anchoring inflation as the first goal of its monetary policy, in the press release held after the Bank's decision to maintain interest rates at 4.0% was released.

Trichet has warned about upside risks to price stability over the medium term as well as about Strong Upward Pressure On Inflation Short-Term, which, ha affirmed, will push inflation significantly above 2.0% in the coming months, to assure afterwards that anchoring CPI expectations has the highest priority. As usual, Trichet affirmed that all developments will be monitored very closely.

The turmoil in financial markets has produces, according to Trichet a situation of high economic uncertainty and it seems that the economic growth outlook is not the brightest, in that sense, the ECB's president assured that the Euro Zone's economic fundamentals are sound and that the domestic and foreign demand will support growth.